The city of Providence, R.I., hit the Nasdaq Stock Market LLC and several other registered public stock exchanges, banks and brokerage firms with a proposed securities class action in New York federal court on Friday, accusing the defendants of manipulating the U.S. securities markets.
The Florida appellate case of Comins v. VanVoorhis offers the latest in a small but growing number of debates over whether and, if so, what kinds of bloggers or publishers of Internet content should be afforded the same protection as print and broadcast journalists. Indeed, one of the more controversial points of contention for the Free Flow of Information Act bill still awaiting passage by Congress is a provision that narrowly defines "covered journalist" to exclude bloggers, says Robert Rogers of Holland & Knight LLP.
A recent Law360 Expert Analysis article described use of the Nash bargaining solution as “a step in the right direction” in “establishing economic and scientific rigor” as required by courts in patent damages analysis. But using the NBS raises a number of concerns, such as reliance on the NBS’ idealized framework, the need for subjective adjustments to the NBS profit split based on the Georgia-Pacific factors, and the lack of empirical royalty rate data to verify the reliability of the NBS, says Thomas Varner of Economists Incorporated.
The Target Corp. and Blue Cross Blue Shield of New Jersey data breaches differed in manner, size and scope, but both reveal the vulnerabilities all companies are facing. A nuanced, more responsive, and more uniform legal and regulatory framework is required. That environment is being shaped by private actions, legislative and administrative responses, and various corporate initiatives, say Mark Salah Morgan and Andres Acebo of Day Pitney LLP.
Following a pattern of decisions over the past year, the U.S. Equal Employment Opportunity Commission recently suffered another significant defeat due to its investigation process. Given the implications of the EEOC's defeat against Sterling Jewelers Inc., we anticipate the commission will appeal on matters concerning its conciliation efforts with employers, and, because of a clear circuit split, the U.S. Supreme Court may be the final arbiter on this issue, says Basil Sitaras of Day Pitney LLP.
Automotive companies may commonly make concrete termination decisions but delay effectuating them for a number of practical reasons. Courts will likely continue to understand that these reasons do not equate to a discriminatory or retaliatory motive, as even the Seventh Circuit recently observed. The linchpin factor though is establishing the clear intention to terminate, says Christopher Ward of Foley & Lardner LLP.
2014 has already yielded several noteworthy decisions from courts examining insurance coverage for construction defect claims. Collectively, these cases have dealt with the “occurrence” requirement, contractual liability exclusion and “other insurance” clauses, all of which are sure to affect stakeholders in the construction industry, say John Husmann and Jocelyn Cornbleet of BatesCarey LLP.
Oftentimes with oil and gas leases, a continuous drilling provision, which allows for a temporary cessation of production without automatically resulting in the termination of a lease beyond its primary term as its held by production, goes overlooked. Based on case law, only one thing appears to be consistent — whether a cessation of production is temporary is a question of fact that depends on the individual circumstances, says David Hatch of Holland & Hart LLP.
The European Commission recently published the definitive text of the new rules — effective May 1, 2014 — on the interface between technology transfer agreements and antitrust law. While the main principles underlying the regulation remain the same, certain changes are of particular relevance for the automotive industry, say attorneys with Mayer Brown LLP.
A California federal court recently decertified the proposed class in an action against POM Wonderful LLC over health claims about its juice. Plaintiffs failed to certify their class against POM for the same reason certification failed in another recent case against Ben & Jerry's Homemade Inc. — ascertainability. Whether this is another nail in California's class action coffin remains to be seen, but plaintiffs should expect stricter scrutiny from courts regarding class claims, says Richard Goldfarb of Stoel Rives LLP.
The pension abundance of the past has fallen prey to the harsh realities of the present market — gone are the days of the defined benefit pension plan. As a result, Millennials lacking a company-provided pension will be have to be completely responsible for their own retirements, ultimately making them one of the most financially literate generations in our nation's history, says Jim Poolman, Executive Director of the Indexed Annuity Leadership Council.